June 29, 2021 — China’s seafood market has been a jumble of mixed signals, with import volumes recovering but prices remaining soft.
In a recent financial update, Singapore-based high-end seafood restaurant chain Jumbo Seafood announced its intention to open more restaurants in China, after posting a strong performance in mainland China in the first five months of 2021. The company currently operates restaurants in five Chinese cities, but had pulled back from expansion in China due to the COVID-19 pandemic.